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22 Dec 2018

Which states provide the best ecosystem for start-ups? Check here

States' Start-Up Ranking 2018 released, Gujarat best performer

The exponential rise in start-up ecosystem in the country has given opportunities to many to transform their ideas into businesses.

And states have played an important role in facilitating the same.

Recently, the Department of Industrial Policy and Promotion (DIPP), under the Ministry of Commerce and Industry, released the maiden 'States Start-up Ranking 2018' and Gujarat has emerged as the winner.

In context

States' Start-Up Ranking 2018 released, Gujarat best performer
Ranking done on basis of performance in six categories

Details

Ranking done on basis of performance in six categories

DIPP began the ranking exercise in 2016, and announced the very first States' Start-up Ranking 2018 just recently.

The ranking was done on the basis of performance in these categories- Best Performer, Top Performers, Leaders, Aspiring Leaders, Emerging States, and Beginners.

Gujarat has topped the list of the States' Start-up 2018 Ranking, becoming the Best Performer in developing start-up ecosystem for budding entrepreneurs.

'Gujarat government's consistent efforts for supporting start-ups recognized'

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Gujarat

State has all ingredients to create entrepreneurial ecosystem: NASSCOM executive

Domestic Council NASSCOM's Chairman, Jaimin Shah, said Gujarat has all ingredients to create an entrepreneurial ecosystem, be it government support, entrepreneurial spirit, market or internal funding.

"We are increasingly seeing examples here in Gujarat where industries have started sharing their problem statement with start-up ecosystem and with this soon we'll see more and more real-time industry accepted start-up solutions in the market," he said.

Gujarat followed by Karnataka, Kerala, Odisha, and Rajasthan

Other winners

Gujarat followed by Karnataka, Kerala, Odisha, and Rajasthan

After Gujarat, the other 'Top Performers' are Karnataka, Kerala, Odisha, and Rajasthan.

Some states like Andhra Pradesh, Bihar, Chhattisgarh, Madhya Pradesh, and Telangana, have been identified as 'Leaders,' across various categories such as start-up policy, incubation hubs, seeding innovation, scaling innovation, communication champions, etc.

And those which were ranked as 'Aspiring Leaders' include Haryana, Himachal Pradesh, Jharkhand, Uttar Pradesh, and West Bengal.

Delhi, Tamil Nadu and Goa are the 'Emerging start-up states'

In the category of 'Emerging start-up states', eight made to the list and some are pretty surprising, like Goa. Accompanying the coastal state are Assam, Delhi, J&K, Maharashtra, Punjab, Tamil Nadu, and Uttarakhand. Chandigarh, Manipur, Mizoram, Nagaland, Puducherry, Sikkim and Tripura were ranked 'Beginners'.

Statements

Ranking idea not to embarrass but to encourage states: DIPP

DIPP Secretary Ramesh Abhishek said, "This exercise will help all the states to improve the ecosystem for promoting start-ups."

He added that states need to have special focus in some areas like providing online information, simplifying regulations, preference in public procurement and setting up venture funds.

He said the ranking exercise wasn't done to "embarrass" anyone but to encourage states to promote budding entrepreneurs.

27 states, 3 Union Territories participated in ranking exercise

22 states have so far formulated their respective start-up policies. 27 states and three union territories participated in the exercise. The ranking framework covers seven areas of intervention and 38 action points, including policy support, incubation centers, seed funding, angel and venture-funding, and easier regulations.

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Most asked questions

Which state provides the best ecosystem for start-ups?

Where does Delhi stand in State Start-up ecosystem?

Which states provides the best ecosystem for start-ups?

Who created the State Start-up Ranking 2018?

More questions

Which state provides the best ecosystem for start-ups?

Asked on 22-12-2018 by Rishika Trivedi

Answered by NewsBytes

Gujarat has emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the State Start-up Ranking 2018.

Where does Delhi stand in State Start-up ecosystem?

Asked on 22-12-2018 by Arnav Verma

Answered by NewsBytes

Delhi is ranked among the 'Emerging start-up states' in State Start-up Ranking 2018.

Which states provides the best ecosystem for start-ups?

Asked on 22-12-2018 by Arjun Sengupta

Answered by NewsBytes

Gujarat is ranked as the Best Performer and Karnataka, Kerala, Odisha, and Rajasthan are ranked as the Top Performers in developing startup ecosystem for budding entrepreneurs.

Who created the State Start-up Ranking 2018?

Asked on 22-12-2018 by Parakram Mehta

Answered by NewsBytes

Department of Industrial Policy and Promotion (DIPP) begun the ranking exercise from 2016. A total of 27 states and Union Territories participated in the exercise.

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